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Buying and selling Paypal to convert funds to cash

We’ve already outlined here how to withdraw PayPal in the Philippines and we also have a bustling discussion here of the details of these withdrawal methods.

Almost all of these ways, however, incur a certain amount of transaction fee, for example, the $5 that PayPal charges whenever you make a transfer to your local debit or credit card. At times, you also lose on the exchange rate because the banks’ rates are often lower.

So is there an alternative way to convert PayPal funds to cash without incurring a lot of fees and without losing on the exchange rate?

Yes, by selling your PayPal funds.

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Philippine stocks finish 0.4% up on volatile trading

The Philippine composite index closed yesterday higher by 15.84 points or 0.4% at 3,774.81.

Investors, returning from a four-day break last week, remained on the sidelines weighing issues such as inflation and the continuing concerns in the US economy amid rising oil prices.

But hopes that the Bangko Sentral ng Pilipinas (Central Bank) will soon cut key interest rates in response to the US Federal Reserve rate cut supported the market.

On Wednesday last week, the Federal Reserve cut its benchmark rate by 25 basis points, but said inflation remained a concern, which analysts took as a signal that the Fed will temporarily defer further rate cuts.

Here are the top 10 gainers and losers in the Philippine stock market yesterday (November 5, 2007).

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Beware of the 'Bukas-Kotse' gang at the South Superhighway

I’m not usually fond of email forwards but after personally witnessing the “Bukas-Kotse” scumbags perform their modus operandi earlier tonight, I’m inclined to repost the email below to further warn people about this gang.
Around 8 p.m. earlier, I was on a cab to Makati coming from Robinson’s Manila. We were on the intersection of Osmena Highway (South Superhighway) and San Andres. As the traffic lights turned red, I saw one 30-ish man wearing shorts and T-shirt approach the white Honda Civic in front of us.
With full force, the man tried to wriggle open the door of the Civic’s rear passenger side. Fortunately, that door was locked but the man then turned to the backseat. Again, fortunately for the driver, that door was locked as well. While this was happening, the intended victim vigorously honked his horn probably in an attempt to fend off the intruder or to call for help.

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Receiving Google Adsense payments via Western Union

Today I successfully received my first Google Adsense earnings sent via the Western Union Quick Cash option.

Here’s a guide on How to receive Adsense payments via Western Union, but read on to find out my own experience with this new withdrawal method.

First, what I did was search for a Western Union (WU) agent closest to my place using the Global Payment Solutions website. After making a search, I decided to pick up my Adsense payment from Sanry’s Foreign Exchange at the Glorietta Mall in Makati.

I went to Sanry’s and told the staff manning the counter that I am picking up a Quick Cash payment from Google.

He gave me a Western Union “To Receive Money” form and asked me to completely fill it out. This is where the Payment Details from Google becomes necessary. The form asked for the Money Transfer Control Number (MTCN), exact Payment Amount, Name and Address of the Sender, and a few personal details, among others.

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